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lys-0071 [83]
3 years ago
13

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.67 every year in perpetuity. If the

required return is 4.54 percent, what is the current stock price
Business
1 answer:
Crazy boy [7]3 years ago
3 0

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.67 every year in perpetuity. If the required return is 4.54 percent- <u>The current stock price is $102.86</u>

Explanation:

From the question the below mentioned information is given

Annual Dividend = $4.67

The required return =$4.54%=$0.0454

Let assume the current stock price be x

Current stock price= Annual Dividend/return required

x=$4.67/$0.0454=102.86

<u>Therefore the current stock price is $102.86</u>

<u></u>

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.67 every year in perpetuity. If the required return is 4.54 percent- <u>The current stock price is $102.86</u>

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